HighTower Advisors LLC Trims Stake in iShares Select Dividend ETF $DVY

HighTower Advisors LLC reduced its stake in shares of iShares Select Dividend ETF (NASDAQ:DVY) by 1.7% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 325,885 shares of the company’s stock after selling 5,596 shares during the period. HighTower Advisors LLC owned 0.22% of iShares Select Dividend ETF worth $50,936,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of DVY. Sage Capital Advisors llc grew its position in iShares Select Dividend ETF by 2.2% during the second quarter. Sage Capital Advisors llc now owns 2,993 shares of the company’s stock worth $468,000 after buying an additional 64 shares during the period. Kingsview Wealth Management LLC increased its holdings in iShares Select Dividend ETF by 1.6% in the fourth quarter. Kingsview Wealth Management LLC now owns 4,463 shares of the company’s stock valued at $630,000 after buying an additional 69 shares in the last quarter. Harbor Asset Planning Inc. lifted its position in shares of iShares Select Dividend ETF by 3.4% during the 1st quarter. Harbor Asset Planning Inc. now owns 2,202 shares of the company’s stock valued at $333,000 after acquiring an additional 72 shares during the period. Cambridge Advisors Inc. lifted its position in shares of iShares Select Dividend ETF by 2.2% during the 1st quarter. Cambridge Advisors Inc. now owns 3,525 shares of the company’s stock valued at $534,000 after acquiring an additional 75 shares during the period. Finally, Midwest Trust Co boosted its stake in shares of iShares Select Dividend ETF by 0.5% during the 4th quarter. Midwest Trust Co now owns 16,752 shares of the company’s stock worth $2,364,000 after acquiring an additional 76 shares in the last quarter. Hedge funds and other institutional investors own 46.08% of the company’s stock.

iShares Select Dividend ETF Price Performance

DVY opened at $164.25 on Tuesday. The stock has a market cap of $23.92 billion, a P/E ratio of 13.69 and a beta of 0.66. The stock’s 50 day simple moving average is $162.15 and its 200 day simple moving average is $156.45. iShares Select Dividend ETF has a 1-year low of $137.16 and a 1-year high of $167.06.

iShares Select Dividend ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Shareholders of record on Monday, June 15th were given a dividend of $1.2472 per share. The ex-dividend date was Monday, June 15th. This is a positive change from iShares Select Dividend ETF’s previous quarterly dividend of $1.15. This represents a $4.99 dividend on an annualized basis and a yield of 3.0%.

iShares Select Dividend ETF Company Profile

iShares Select Dividend ETF, formerly iShares Dow Jones Select Dividend Index Fund (the Fund), is an exchange-traded fund. The Fund seeks investment results that correspond generally to the price and yield performance of the Dow Jones U.S. Select Dividend Index (the Index). The Index measures the performance of a selected group of equity securities issued by companies that have provided relatively high dividend yields on a consistent basis over time. The Index consists of 100 of the highest dividend-yielding securities (excluding real estate investment trusts (REITs) in the Dow Jones U.S.